Tariffs and Customs Terms IJ.1.76 Flashcards
Terms and meaning from Dictionary of Tariff and Customs Terms with organization and functions of the various Offices of the Bureau of Customs. (25 cards)
exports that generate foreign exchange through tourism, shipping, foreign investment, banking, and other services
invisible exports
non-merchandise or intangible imports and exports, such as financial services
invisibles
administrative measures taken by an importing government as an indirect protectionist policy against imports. These include marking regulation, safety and heart standards, labeling and container regulation, product standards, etc.
invisible tariff
sometimes called a “bill” or “statement of goods” sold, and usually made to accompany an export shipment, it specifies the goods, their value, quantity, other particulars, subject of a sale between a buyer and a seller.
invoice
a manifest that lists cargoes aboard a ship (including their marks, numbers, quantity, description of packages, consignees) from overseas.
inward foreign manifest
the value or price declared in the covering commercial invoice, trade or sales invoices.
invoice value
a Customs regime implemented in the European Community (EC), which allows duty-free importation of raw materials, provided they are processed or manufactured for export overseas.
Inward Processing Relief
customs procedures involved in clearing an imported shipment.
inwards Customs clearance
a carrier that provides transport service on any route.
irregular route carrier
a document sent by the importer to the exporter once trade negotiation and terms of sale have been agreed upon.
irrevocable corporate purchase order
a letter of credit the terms of which can only be amended or-canceled with the consent of the issuing bank and the exporter. The terms are irrevocably fixed, and the exporter is assured of payment provided the documents comply with the terms.
irrevocable letter of credit
otherwise known as the opening bank, it is the bank which issues the letter of credit upon application by an importer
issuing bank
the carrier that uses an air waybill or bill of lading.
issuing carrier
the route taken by a means of transport indicated by the ports of call or other locations; It includes estimated dates of arrival and departure.
itinerary
a stipulation in a charter contract that in case of maritime accident wherein the ship-owner is not responsible, the shipper of cargo, consignee, or owner contributes with the ship-owner in general average
Jason clause
goods thrown into the sea and sink.
jetsam
a version of SITPRO in Japan.
Jastpro
a marine or sea peril that involves throwing overboard of a ship’s cargo, equipment, and stores to lighten her load and stay afloat.
jettison
a port structure that projects out the sea to block waves and serves as berthing area for ships.
jetty
refers to pearls, precious and semi-precious stones, or ornamented, mounted or fitted with precious metals imported for the local manufacture of fine or imitation jewelry. It includes imitations.
jewelry
the direct inputs in jewelry making.
Jewelry raw materials
the other raw materials used in jewelry, such as clasps, chains in spools, wires, sheets, findings, setting; rubber molds, cleaning solution, soldering pads, binding wires, points wheel, and sharpening stone; and consumables, such as injection waxes, powder, fluxes, solders, enamels, electroplating materials, and polishing compound.
jewelry supplies
arm of a crane that extends outwards. At one end hangs a hook that lifts goods.
jib
a middleman
jobber
